Life Conversion

Group life insurance is supposed to be one-year term insurance with no cash values, illustrations, and so on.

But as a group life carrier, you must offer an individual life conversion option to your certificate holders, which transforms your one-year term product into whole life insurance with all of its administrative challenges including eligibility, policy forms and filings, individual collections, cash values, illustrations, and more. And you face considerable risk of extra mortality.

With HRMP's group life conversion program, you can transfer both the administrative challenges and the extra mortality risk of your group life conversions.